First Chicago Insurance Company (FCIC)
  • Bedford Park, IL, USA
  • Full Time

First Chicago Insurance Company, an Illinois-based Property and Casualty insurer, is seeking a key member of its Product and Actuarial Analysis Department to provide expertise in a variety of initiatives. The Product and Actuarial Analysis Department designs, develops, and launches new products and product enhancements that drive profitable growth, improve product efficiencies, and deliver return on investment through our distribution channels.


As the Commercial Product Manager, you will act as a key member of the department by providing expertise in the areas of product pricing, development, and analytics. In this role, you will be accountable for designing, managing, and implementing changes to our commercial auto insurance products across all our states.


The ideal candidate is an experienced product manager, or senior product analyst, with a strong command of insurance pricing and product concepts in commercial auto business.



  • Lead in managing the entire lifecycle of a product revision or creation from initial planning to implementation, ensuring project controls are met throughout the lifecycle of the project
  • Manage compliance projects with a thorough understanding of state laws and regulations which impact the business and implement changes to operations to ensure statutory compliance
  • Analyze and monitor insurance product performance along with competitor trends in the marketplace to make data-based decisions regarding underwriting, coverage, and pricing to drive improvement
  • Research, develop, and maintain coverage forms and endorsements needed to support new and existing products
  • Proactively identify emerging issues and present strategic recommendations to improve results while seeking out areas for growth and profit
  • Actively participate in building strong relationships among teams and team members to ensure cooperation on project objectives
  • Create, submit, and manage regulatory rate, rule, and form filings, and assure proper execution of regulatory and legislative practices
  • Provide support for various ad hoc requests as needed
  • Potential to oversee direct report(s)
  • Reports to the Vice President of Product & Actuarial Analysis


The Commercial Product Manager will have responsibility for existing commercial products. This includes Commercial Auto, Taxi and Other Public Transportation Specialty, Artisan General Liability, and Workers' Compensation.



  • 5 to 10 years of progressively more responsible work experience in insurance product management, experience in commercial automobile line experience preferred
  • Bachelor's degree, preferably in an analytical field of study such as Economics, Finance, Math, and Statistics
  • Strong interpersonal, written, and oral communication skills, with ability to collaborate with others and communicate effectively
  • Strong technical, quantitative, and analytical skills with demonstrated understanding of pricing concepts
  • Good organizational, project management, and time management skills
  • Ability to prioritize, plan, implement, manage, and/or sponsor projects and key initiatives using developed project management standards
  • Ability to work independently, execute quickly, and drive results
  • Ability to adapt to different or changing situations, requirements, or priorities
  • Proficient in Microsoft Excel and Word
  • Preferably experience with software/programming languages and tools with key analytic applications (SAS, MySQL, PL/SQL, Oracle, UNIX, OLAP, Tableau, Hadoop, Hive, Impala)
First Chicago Insurance Company (FCIC)
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